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U.S. Machinery Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies193
  • 7D-4.4%
  • 3M-5.9%
  • 1Y38.7%
  • YTD12.8%

Over the last 7 days, the Machinery industry has dropped 2.6%, driven by a pullback from Caterpillar of 5.9%. In the past year, the industry has gained 40%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.S. Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026US$1.5tUS$461.2bUS$43.7b26.4x33.2x3.1x
Sun, 19 Apr 2026US$1.5tUS$451.4bUS$43.5b27.5x34.2x3.3x
Tue, 17 Mar 2026US$1.4tUS$451.5bUS$43.3b26.3x31.4x3x
Thu, 12 Feb 2026US$1.5tUS$447.0bUS$42.8b29.8x34.8x3.3x
Sat, 10 Jan 2026US$1.3tUS$450.7bUS$43.7b26.3x30.3x2.9x
Mon, 08 Dec 2025US$1.3tUS$450.7bUS$43.7b25.5x29x2.8x
Wed, 05 Nov 2025US$1.2tUS$448.5bUS$44.7b23.5x27.2x2.7x
Fri, 03 Oct 2025US$1.2tUS$447.0bUS$44.2b24.3x26.2x2.6x
Sun, 31 Aug 2025US$1.1tUS$447.0bUS$44.2b24.1x25.6x2.5x
Tue, 29 Jul 2025US$1.1tUS$448.7bUS$44.3b23.6x25.9x2.6x
Thu, 26 Jun 2025US$1.1tUS$449.2bUS$44.6b22.8x23.9x2.4x
Sat, 24 May 2025US$1.0tUS$449.1bUS$44.6b23.1x23.3x2.3x
Mon, 21 Apr 2025US$915.8bUS$457.0bUS$48.6b19.4x18.8x2x
Wed, 19 Mar 2025US$1.0tUS$457.3bUS$47.9b21.4x21.5x2.3x
Fri, 14 Feb 2025US$1.1tUS$458.1bUS$48.0b24x22.6x2.4x
Sun, 12 Jan 2025US$1.0tUS$463.7bUS$47.7b22.9x21.5x2.2x
Tue, 10 Dec 2024US$1.1tUS$467.6bUS$47.8b25.1x23.6x2.4x
Thu, 07 Nov 2024US$1.1tUS$472.9bUS$49.2b25.3x21.8x2.3x
Sat, 05 Oct 2024US$1.1tUS$474.2bUS$49.4b21.9x21.3x2.2x
Mon, 02 Sep 2024US$1.0tUS$474.2bUS$49.3b21.5x20.5x2.1x
Wed, 31 Jul 2024US$1.0tUS$477.3bUS$51.7b22.1x19.5x2.1x
Fri, 28 Jun 2024US$957.8bUS$476.9bUS$51.6b21.4x18.6x2x
Sun, 26 May 2024US$1.0tUS$477.0bUS$51.3b22x19.7x2.1x
Tue, 23 Apr 2024US$1.0tUS$478.1bUS$48.2b22.8x21x2.1x
Thu, 21 Mar 2024US$1.0tUS$476.8bUS$48.0b23.2x21.5x2.2x
Sat, 17 Feb 2024US$985.8bUS$476.6bUS$47.4b22.9x20.8x2.1x
Mon, 15 Jan 2024US$939.8bUS$485.5bUS$47.8b22.2x19.7x1.9x
Wed, 13 Dec 2023US$907.5bUS$485.1bUS$47.8b21.6x19x1.9x
Fri, 10 Nov 2023US$835.9bUS$484.4bUS$47.1b19.6x17.7x1.7x
Sun, 08 Oct 2023US$864.3bUS$475.1bUS$44.4b19.6x19.5x1.8x
Tue, 05 Sep 2023US$935.5bUS$475.1bUS$44.5b20.8x21x2x
Thu, 03 Aug 2023US$960.4bUS$469.0bUS$42.7b20.8x22.5x2x
Sat, 01 Jul 2023US$906.9bUS$459.8bUS$40.2b20.6x22.6x2x
Mon, 29 May 2023US$802.7bUS$460.8bUS$40.4b18x19.9x1.7x
Price to Earnings Ratio

19.9x


Total Market Cap: US$802.7bTotal Earnings: US$40.4bTotal Revenue: US$460.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.4x202420252026
Current Industry PE
  • Investors are optimistic on the American Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.6x which is higher than its 3-year average PE of 23.4x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market-0.82%
Industrials-2.48%
Machinery-4.38%
Industrial Machinery-1.54%
Construction Machinery and Vehicles-6.31%
Agricultural Machinery-6.75%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 19.9x.
    • Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings decline of 5.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.0x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NDSN NordsonUS$286.772.3%
+US$362.0m		46.4%PE30.3x
JBTM JBT MarelUS$129.723.1%
+US$205.7m		13.3%PE40.1x
CYD China Yuchai InternationalUS$55.669.1%
+US$174.1m		223.4%PE26.4x
TKR TimkenUS$118.931.9%
+US$152.2m		71.6%PE26.8x
SYM SymboticUS$50.951.6%
+US$101.8m		73.1%PS2.6x

Latest News

PH
US$864.73
Parker-Hannifin
7D
-1.8%
1Y
31.5%
Seeking Alpha • 4h

Parker-Hannifin Just Made Another Big Move

Summary Parker-Hannifin continues aggressive acquisition-driven growth, highlighted by the $9.25B Filtration Group and $2.55B CIRCOR Aerospace deals. PH delivered 7.8% revenue growth Y/Y, with both Aerospace Systems and Diversified Industrial segments contributing, though net profits declined. Management guides for 7% revenue growth and adjusted EPS of $27.10–31.20, but the company trades at a premium to peers on key valuation metrics. I maintain a 'Hold' rating, citing impressive operational execution but insufficient value to warrant a bullish stance given current pricing. Read the full article on Seeking Alpha
TKR
US$118.93
Timken
7D
1.9%
1Y
71.6%
NDSN
US$286.77
Nordson
7D
2.3%
1Y
46.4%
DE
US$531.35
Deere
7D
-7.5%
1Y
3.0%
CMI
US$638.78
Cummins
7D
-10.8%
1Y
98.5%
SYM
US$50.95
Symbotic
7D
1.6%
1Y
73.1%
CAT
US$865.95
Caterpillar
7D
-5.9%
1Y
150.9%
Narrative Update • May 19

CAT: Future Returns Will Reflect Data Center Power And Physical AI Opportunities

Caterpillar's updated analyst price target framework moves from a fair value of about $754 to roughly $913, with analysts generally pointing to firmer profit margin assumptions and a higher future P/E multiple as key drivers of the change, even as they apply a slightly higher discount rate and trim revenue growth expectations. Analyst Commentary Recent Street research on Caterpillar clusters around a consistent theme, with a series of higher price targets and at least one fresh upgrade.
JBTM
US$129.72
JBT Marel
7D
3.1%
1Y
13.3%
Narrative Update • May 18

JBTM: 2026 Sector Assumptions And Execution Will Shape Balanced Return Potential

Analysts have raised JBT Marel's price targets to $190 and $202 in recent updates, citing expected sector trends in 2026, changes in valuation, and refreshed models following the Q4 results as key reasons for the higher targets. Analyst Commentary Recent research updates on JBT Marel highlight higher price targets of $190 and $202, tied to refreshed models after Q4 results, sector expectations for 2026, and reassessments of valuation.
OSK
US$127.12
Oshkosh
7D
0.8%
1Y
29.1%
FLS
US$68.73
Flowserve
7D
1.1%
1Y
39.2%
RBC
US$566.96
RBC Bearings
7D
-7.3%
1Y
57.6%
CYD
US$55.66
China Yuchai International
7D
9.1%
1Y
223.4%
WAB
US$255.16
Westinghouse Air Brake Technologies
7D
-5.3%
1Y
27.5%
ALSN
US$109.07
Allison Transmission Holdings
7D
-10.9%
1Y
5.4%
PCAR
US$109.34
PACCAR
7D
-2.9%
1Y
15.9%
SPXC
US$205.39
SPX Technologies
7D
0.9%
1Y
37.1%
Narrative Update • May 04

SPXC: Capacity Expansion And Data Center Demand Will Support Future Upside

Analysts have modestly lifted the SPX Technologies fair value estimate by about $6 to roughly $264 per share. The update reflects revised views that factor in stronger revenue growth, slightly higher profit margins, and a lower assumed future P/E multiple following a series of recent price target hikes and upgrades across the Street.